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Awarded contract·Sedgwick County·Kansas

Surplus Property Auction Services

Won by Equip‑Bid Auctions dba Equip‑Bid.com +1 more$80kAwarded 12/20/2023Multiple Award
Contract source

Awarded vendors

  • Equip‑Bid Auctions dba Equip‑Bid.com
  • Purple Wave, Inc. dba Purple Wave Auction

Description

This contract provides Sedgwick County with a comprehensive surplus‑property auction solution. The awarded vendors will handle all aspects of disposal, including hauling, off‑site storage (minimum 1,000 sq ft indoor), photography, online listing, auction management, buyer interaction, fund collection, and load‑out. The county retains no upfront fees; vendors earn revenue through a buyer’s premium (10‑18 % of final sale prices) and optional services such as moving labor, advertising, and check‑in fees. The three‑year contract (with two one‑year renewal options) is open‑competition, awarded to two firms that together satisfy the county’s need for storage capacity and auction expertise. • Full‑service auction workflow (photography, cataloging, online auction, payment processing). • Vendor‑owned off‑site storage of at least 1,000 sq ft to address county storage constraints. • Revenue model based on buyer’s premium (10‑18 %) plus optional service fees, with no direct cost to the county.

Attached files

Key dates

Bids closed
9/26/2023
Intent to award
12/20/2023
Awarded
12/20/2023
Starts
12/20/2023
Ends
12/20/2026Renews
Duration
3 years

Last updated

Details

Award type
Multiple Award
Procurement
Full and Open Competition
Industry
Government
NAICS
531390
Solicitation №
23-0063

Contract value

$80,000

The only concrete monetary figures are the historical gross sales from 2022 ($162,295) and the buyer’s premium rates (10 % for Purple Wave, 18 % for Equip‑Bid, with lower rates for newer vehicles). Assuming an average premium of roughly 15 % on similar annual sales, the vendor revenue would be about $24,000 per year. Over the three‑year base term this totals ≈ $72,000. Adding potential optional services (moving, advertising, check‑in fees) could contribute an additional $5–10 k per year, pushing the total estimated contract value to roughly $80,000 over the three years. This estimate reflects the revenue the county would receive from the net sale proceeds (i.e., the county keeps the sale price less the buyer’s premium) and the optional service fees that the vendors may bill the county or buyers.

AI estimate from the award documents

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